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Elon Musk: Tesla 'most likely' to accept Bitcoin again following suspension over environmental concerns
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Users are being warned after a security breach at Robinhood has leaked sensitive information.
Brian Brooks, chief executive of the US arm of global cryptocurrency exchange Binance, said on Friday he had resigned just three months after taking up the role.
The SafeMoon coin has been making top predictions for months now, and it won’t be slowing down anytime soon. Forecasting site WalletInvestor predicts that the price could reach $0.000002 by November 1st, while Gov Capital forecasted its value will dive to zero in May 2022. In between these two extremes, there is still plenty of growth potential.
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Bitcoin wasn’t the only cryptocurrency to feel the initial effects, with most of the top 10 all experiencing dips in value.
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The cryptocurrency market woke up to a shock in early trading on Thursday morning. On the Binance US cryptocurrency exchange, the value of Bitcoin (BTC) plummeted nearly 87 percent in value, settling around $8,200. The issue that caused the value spike was reportedly corrected swiftly and the Bitcoin value returned to its normal levels within a couple of minutes.
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Whereas in the original SADF test the starting value of the window, r1, was fixed to 0, in the GSADF test the starting point can now vary from 0 to r2 − r0 (this is the last possible starting point, near the end of the data set, that allows the test to be run on the minimum window size).
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When the market adjusts, the price shoots up. Large holders of that crypto can then cash in on the gains by dumping their coins, bringing the price down. Although exchanges know about these methods, stopping them isn’t all that simple, as the perpetrators know how to stay under the radar.
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That’s the same crowd that has pumped up the prices this year for other crypto like Shiba Inu and Dogecoin.
The price of Bitcoin was £48,199.49 after the latest drop in prices (11 November), according to Coinbase.
Its value has now plummeted by 99.99%, said cryptocurrency data website CoinMarketCap.